Synthetix Network
SNX

$1.9850

5.65%
  • Market Cap
    $646,900,447.681
  • 24 Hour Trading Vol
    $21,825,763
  • Fully Diluted Valuation
    $651,476,530.464
  • Circulating Supply
    327,769,196
  • Total Supply
    328,193,104
  • Max Supply
    328,193,104
Synthetix Network
Synthetix is a decentralized liquidity provisioning protocol that enables the creation of on-chain synthetic assets.
Socials
Category
DeFi
Synthetix Network Converter
SNX
1 SNX = $1.9850
SNX Statistics
  • Synthetix Network Price
    $1.9850
  • Trading Volume
    $21,825,763
  • Market Cap
    $646,900,447.681
Synthetix Network Price Chart (SNX)

Loading...

24h
7d
30d
3M
1Y
YTD
+5.65%
-16.59%
-22.76%
-50.35%
+4.08%
-48.59%
About Synthetix Network

Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Synthetic assets, and associated products, are collateralized by stakers via Synthetix Network Token (SNX), which when locked in a staking contract enables the issuance of synthetic assets (synths). This pooled collateral model allows users to perform conversions between synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEXs. 

Synthetix currently supports a wide range of products enabled by this pooled collateral model. These products include Perpetual Futures and Spot Synths. These products serve as the base layer of liquidity for integrators to build novel financial derivatives.

SNX holders are incentivized to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix by integrators. They are also incentivized with SNX inflation. 

Synthetix Network Markets
ExchangePairLast PriceChange (24H)High (24h)Low (24h)SpreadVolume (24h)

Rows per page:

0–0 of 0

Popular Cryptocurrencies
Growth Leader (24 hours)
..
Flare
+14.62%
$0.027
Leader in trading volume (24 hours)
..
Bitcoin
$10.9B

© Token Radar 2024. All Rights Reserved.
IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.